Evercore Wealth Management LLC grew its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 32.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,144 shares of the investment management company’s stock after acquiring an additional 1,025 shares during the quarter. Evercore Wealth Management LLC’s holdings in Goldman Sachs Group were worth $929,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in GS. Cornerstone Wealth Management LLC acquired a new position in shares of Goldman Sachs Group during the second quarter valued at $295,000. Acadian Asset Management LLC lifted its holdings in Goldman Sachs Group by 8.7% in the second quarter. Acadian Asset Management LLC now owns 3,058 shares of the investment management company’s stock worth $675,000 after purchasing an additional 245 shares during the period. LMR Partners LLP lifted its holdings in Goldman Sachs Group by 330.8% in the second quarter. LMR Partners LLP now owns 3,425 shares of the investment management company’s stock worth $755,000 after purchasing an additional 2,630 shares during the period. Global Financial Private Capital LLC lifted its holdings in Goldman Sachs Group by 31.3% in the second quarter. Global Financial Private Capital LLC now owns 2,300 shares of the investment management company’s stock worth $507,000 after purchasing an additional 548 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Goldman Sachs Group by 5.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 127,932 shares of the investment management company’s stock worth $28,219,000 after purchasing an additional 6,307 shares during the period. 70.94% of the stock is owned by institutional investors.
Shares of NYSE GS opened at $179.67 on Friday. Goldman Sachs Group Inc has a twelve month low of $179.00 and a twelve month high of $275.31. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $68.48 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The company had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the prior year, the company earned $5.02 EPS. Goldman Sachs Group’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Goldman Sachs Group Inc will post 25.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 29th. Goldman Sachs Group’s payout ratio is 16.19%.
Several research firms recently weighed in on GS. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a report on Monday, September 10th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $206.00 price objective for the company in a report on Friday. Credit Suisse Group reduced their price objective on shares of Goldman Sachs Group from $280.00 to $258.00 and set an “outperform” rating for the company in a report on Friday. Wolfe Research began coverage on shares of Goldman Sachs Group in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $271.15.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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